Patents by Inventor Yonathan Epelbaum
Yonathan Epelbaum has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 8606682Abstract: A system includes a memory and a processor communicatively coupled to the memory. The memory stores a correlation index that is based at least in part on a portfolio of index options, a plurality of stock options, and a plurality of deltas computed using a plurality of constant flat implied volatilities. The processor determines a value of the correlation index by selecting a plurality of strike prices for each of the index and stock options, computing a constant flat implied volatility for an index and a plurality of stocks on a first date, and computing the plurality of deltas using the plurality of constant flat implied volatilities.Type: GrantFiled: November 30, 2012Date of Patent: December 10, 2013Assignee: Bank of America CorporationInventors: Karen L. Chang, Peter J. Williams, Yonathan Epelbaum, Vincent Ronsil, Michael Ebert, Edward Mok, Chiyan Luo
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Patent number: 7987129Abstract: A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a pre-determined value such as, for example, a certain percentage of the accreted value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g.Type: GrantFiled: August 12, 2002Date of Patent: July 26, 2011Assignee: Bank of America CorporationInventors: James R. Birle, Jr., David K. Dolan, Jeffrey N. Edwards, Yonathan Epelbaum, Frederick J. Fiddle, Emerson P. Jones, Stuart C. Kaperst, Todd K. Kaplan, Daniel Y. Kerstein, Dragomir K. Kolev, Richard P. Luciano, Thomas H. Patrick, Jr., Paul A. Pepe, Eric Steifman, Russell L. Stein, Brennan J. Warble, Richard J. Green, Robert A. Rudnick, Frank R. Strong
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Patent number: 7979338Abstract: In a method for obtaining capital, a convertible or exchangeable financial instrument having an accreted value and that earns returns over a lifetime comprising at least a first and a second time period is offered. During a first time period, at least some of the returns earned are paid in cash. During a second time period all of the returns earned are accreted to the accreted value of the financial instrument. Returns may be earned during each period according to a rate associated with each period. The rate associated with each period may be fixed or variable and may be modified by one or more rate modifiers, such as a minimum or maximum rate. The financial instrument may include a provision describing how the instrument is serviced when the current value of a rate is negative.Type: GrantFiled: May 8, 2003Date of Patent: July 12, 2011Assignee: Bank of America CorporationInventors: Frederick J. Fiddle, Stuart C. Kaperst, Prasanth Rao-Kathi, Paul A. Pepe, Russell L. Stein, Yonathan Epelbaum, Richard P. Luciano
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Patent number: 7219079Abstract: A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a predetermined value such as, for example, a certain percentage of the accredited value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g.Type: GrantFiled: August 12, 2002Date of Patent: May 15, 2007Inventors: James R. Birle, Jr., David K Dolan, Jeffrey N. Edwards, Yonathan Epelbaum, Frederick J. Fiddle, Emerson P. Jones, Stuart C. Kaperst, Todd K. Kaplan, Daniel Y. Kerstein, Dragomir Kolev, Richard P. Luciano, Thomas H. Patrick, Jr., Paul A. Pepe, Eric Steifman, Russell L. Stein, Brennan J. Warble, Richard J. Green, Robert A Rudnick, Frank R Strong
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Publication number: 20050160025Abstract: A contingent convertible debt instrument contains a provision permitting conversion only if any of certain economically substantial contingencies is satisfied. For example there may be a provision that conversion is permitted only if the issuer's stock price reaches some price, defined as some predetermined price substantially higher than the conversion price, is reached. This contingent conversion trigger price may be 110% or 120% more of the conversion price. The debt instrument may be a negotiable long-term zero-coupon note, and a provision may be included that the number of underlying instruments issuable or deliverable at conversion or exchange is adjusted under certain circumstances (e.g., merger, acquisition, or formulae amounts). Corresponding methods and systems are employed for offering and servicing such financial instruments.Type: ApplicationFiled: August 12, 2002Publication date: July 21, 2005Inventors: James Birle, Jeffrey Edwards, Yonathan Epelbaum, Frederick Fiddle, Emerson Jones, Stuart Kaperst, Todd Kaplan, Daniel Kerstein, Richard Luciano, Thomas Patrick Jr, Paul Pepe, Eric Steifman, Russell Stein, Brennan Warble, Richard Green
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Publication number: 20050080706Abstract: A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a predetermined value such as, for example, a certain percentage of the accreted value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g.Type: ApplicationFiled: August 12, 2002Publication date: April 14, 2005Inventors: James Birle,, David Dolan, Jeffrey Edwards, Yonathan Epelbaum, Frederick Fiddle, Emerson Jones, Stuart Kaperst, Todd Kaplan, Daniel Kerstein, Dragomir Kolev, Richard Luciano, Thomas Patrick Jr, Paul Pepe, Eric Steifman, Russell Stein, Brennan Warble, Richard Green, Robert Rudnick, Frank Strong
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Publication number: 20050055293Abstract: Systems and methods for offering and servicing financial instruments (101) creates a way for issuers to offer financial instruments (101) that are accretive to earnings regardless of the Price/Earnings ratio. Specifically, the present invention provides systems and methods for offering and servicing convertible or exchangeable contingent conversion financial instruments.Type: ApplicationFiled: August 12, 2002Publication date: March 10, 2005Inventors: James Birle, Jeffrey Edwards, Yonathan Epelbaum, Frederick Fiddle, Emerson Jones, Stuart Kaperst, Todd Kaplan, Daniel Kerstein, Richard Luciano, Thomas Patrick, Paul Pepe, Eric Steifman, Russell Stein, Brennan Warble, Richard Green
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Publication number: 20040117282Abstract: It is an object of the invention to provide systems and methods for creating or developing, issuing, and servicing or maintaining convertible or exchangeable financial instruments. These convertible or exchangeable financial instruments are created by a building block approach, whereby new financial instruments can be generated and evaluated prior to issuance. In other embodiments, a user will be able to employ the systems and methods for origination, testing, issuance or sale, marketing, trading, hedging, risk management and regulation of convertible or exchangeable financial instruments.Type: ApplicationFiled: August 1, 2003Publication date: June 17, 2004Inventors: Richard J. Green, Yonathan Epelbaum, James G.M. Gatheral, Jining Han, Bradley Kurtzman, Olga Lubovitsky
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Publication number: 20040006520Abstract: Methods and systems for offering and servicing financial instruments create a way for issuers to offer financial instruments with incentives to holders to not voluntarily convert or redeem such instruments so that issuers maintain greater flexibility and control over the maturity date of the instrument and the manner in which it is settled. Additionally, some embodiments of this invention provide issuers of convertible and exchangeable financial instruments with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument.Type: ApplicationFiled: August 12, 2002Publication date: January 8, 2004Inventors: James R. Birle, David K. Dolan, Jeffrey N. Edwards, Yonathan Epelbaum, Frederick J. Fiddle, Emerson P. Jones, Stuart C. Kaperst, Todd K. Kaplan, Daniel Y. Kerstein, Dragomir K. Kolev, Richard P. Luciano, Thomas H. Patrick, Paul A. Pepe, Eric Steifman, Russell L. Stein, Brennan J. Warble, Richard J. Green
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Publication number: 20030135446Abstract: A contingent convertible debt instrument contains a provision permitting conversion only if any of certain economically substantial contingencies is satisfied. For example there may be a provision that conversion is permitted only if the issuer's stock price reaches some price, defined as some predetermined price substantially higher than the conversion price, is reached. This contingent conversion trigger price may be 110% or 120% more of the conversion price. The debt instrument may be a negotiable long-term zero-coupon note, and a provision may be included that the number of underlying instruments issuable or deliverable at conversion or exchange is adjusted under certain circumstances (e.g., merger, acquisition, or formulae amounts). Corresponding methods and systems are employed for offering and servicing such financial instruments.Type: ApplicationFiled: August 12, 2002Publication date: July 17, 2003Inventors: James R. Birle, Jeffrey N. Edwards, Yonathan Epelbaum, Frederick J. Fiddle, Emerson P. Jones, Stuart C. Kaperst, Todd K. Kaplan, Daniel Y. Kerstein, Richard P. Luciano, Thomas H. Patrick, Paul A. Pepe, Eric Steifman, Russell L. Stein, Brennan J. Warble, Richard J. Green
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Publication number: 20030135436Abstract: Systems and methods for offering and servicing financial instruments creates a way for issuers to offer financial instruments that are accretive to earnings regardless of the Price/Earnings ratio. Specifically, the present invention provides systems and methods for offering and servicing convertible or exchangeable contingent conversion financial instruments.Type: ApplicationFiled: August 12, 2002Publication date: July 17, 2003Inventors: James R. Birle, Jeffrey N. Edwards, Yonathan Epelbaum, Frederick J. Fiddle, Emerson P. Jones, Stuart C. Kaperst, Todd K. Kaplan, Daniel Y. Kerstein, Richard P. Luciano, Thomas H. Patrick, Paul A. Pepe, Eric Steifman, Russell L. Stein, Brennan J. Warble, Richard J. Green
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Publication number: 20030130941Abstract: A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a pre-determined value such as, for example, a certain percentage of the accreted value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g.Type: ApplicationFiled: August 12, 2002Publication date: July 10, 2003Inventors: James R. Birle, David K. Dolan, Jeffrey N. Edwards, Yonathan Epelbaum, Frederick J. Fiddle, Emerson P. Jones, Stuart C. Kaperst, Todd K. Kaplan, Daniel Y. Kerstein, Dragomir Kolev, Richard P. Luciano, Thomas H. Patrick, Paul A. Pepe, Eric Steifman, Russell L. Stein, Brennan J. Warble, Richard J. Green, Robert Rudnick, Frank R. Strong
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Publication number: 20030093375Abstract: It is an object of the invention to provide systems and methods for creating or developing, issuing, and servicing or maintaining convertible or exchangeable financial instruments. These convertible or exchangeable financial instruments are created by a building block approach, whereby new financial instruments can be generated and evaluated prior to issuance. In other embodiments, a user will be able to employ the systems and methods for origination, testing, issuance or sale, marketing, trading, hedging, risk management and regulation of convertible or exchangeable financial instruments.Type: ApplicationFiled: August 12, 2002Publication date: May 15, 2003Inventors: Richard J. Green, Yonathan Epelbaum, James G.M. Gatheral, Jining Han, Bradley Kurtzman, Olga Lubovitsky